NASDAQ$RBB
Rbb Bancorp · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Reported a decrease in net income due to the impact of the COVID-19 pandemic and completed the acquisition of Pacific Global Bank.
RBB Bancorp reported a net income of $6.7 million, or $0.33 diluted earnings per share, for the quarter ended March 31, 2020. The company completed the acquisition of Pacific Global Bank on January 10, 2020, and is actively addressing client needs during the COVID-19 pandemic, including offering loan relief and enrolling clients in the SBA Paycheck Protection Program.
- Net income was $6.7 million, or $0.33 diluted earnings per share.
- Completed the acquisition of Pacific Global Bank on January 10, 2020, and the system conversion on March 15, 2020.
- Loans held for investment increased by $202.8 million, or 37.1% annualized growth, from the end of the prior quarter, including a $173.2 million contribution from PGB.
- Total deposits (excluding brokered deposits) increased by $220.9 million, or 8.32%, from the end of the prior quarter, including a $188.4 million contribution from PGB.
Headline financials
Revenue & EPS history
Rbb Bancorp · Revenue · Quarterly
$28.2M
Revenue by segment
Rbb Bancorp · $5.03M total across 1 segment · Q4 2019
- Commercial & Industrial$5.03M-17.5%100.0%
Forward guidance
Company expects to grant loan deferrals to customers who need temporary relief, and will partner with the Small Business Administration to offer loans to affected clients through the Payroll Protection Program. However, the company plans to continue to originate new loans across all of our business lines in a disciplined manner and continue to evaluate opportunities to expand franchise beyond existing markets.
Tailwinds
- Grant loan deferrals to customers who need temporary relief
- Partner with the Small Business Administration to offer loans to affected clients through the Payroll Protection Program
- Continue to originate new loans across all of our business lines in a disciplined manner
- Maintain adequate liquidity to help existing customers manage through this public health crisis
- Continue to evaluate opportunities to expand franchise beyond existing markets
Headwinds
- COVID-19 pandemic has created unprecedented challenges in our country and the world
- The physical and financial health of our customers, investors and employees are paramount concerns
- Expect to grant loan deferrals to customers who need temporary relief
- Pandemic did impact our results in the form of lower organic loan growth
- Increased provision for loan losses
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
+1.9%
Avg return
30 days after
54%
22 / 41 earnings
Positive
+8.2%
Q4 2021
Best reaction
-9.4%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | +3.1% | +3.4% | |
| Q4 2025 | -0.7% | -3.8% | +3.0% | |
| Q3 2025 | +7.4% | +10.2% | +7.8% | |
| Q2 2025 | -2.1% | -1.4% | -2.5% | |
| Q1 2025 | +1.9% | +1.2% | +4.9% | |
| Q4 2024 | -1.4% | -1.3% | -7.0% | |
| Q3 2024 | -4.8% | -7.6% | -0.7% | |
| Q2 2024 | +3.1% | +8.1% | +0.6% | |
| Q1 2024 | +2.4% | +1.3% | +5.7% | |
| Q4 2023 | +3.2% | +3.7% | -4.1% | |
| Q3 2023 | -0.1% | -4.5% | +30.8% | |
| Q2 2023 | +6.2% | +6.0% | +0.3% | |
| Q1 2023 | -9.3% | -11.5% | -24.5% | |
| Q4 2022 | -2.1% | -4.1% | -3.4% | |
| Q3 2022 | +4.0% | +4.7% | +2.8% | |
| Q2 2022 | +3.1% | +4.8% | +3.4% | |
| Q1 2022 | -3.2% | -7.6% | -10.2% | |
| Q4 2021 | +8.2% | +1.3% | -16.7% | |
| Q3 2021 | +1.2% | +0.3% | +3.7% | |
| Q2 2021 | +0.8% | +1.4% | +6.1% | |
| Q1 2021 | -0.8% | +5.4% | +18.6% | |
| Q4 2020 | -3.4% | -7.7% | +10.8% | |
| Q3 2020 | -1.3% | +0.9% | +23.4% | |
| Q2 2020 | -1.1% | -2.1% | -1.6% | |
| Q1 2020 | -9.4% | -13.2% | -7.0% | |
| Q4 2019 | +0.7% | -2.1% | -8.8% | |
| Q3 2019 | +1.6% | +3.7% | +0.5% | |
| Q2 2019 | -2.5% | +2.1% | -5.2% | |
| Q1 2019 | -3.3% | -4.0% | +0.3% | |
| Q4 2018 | +0.7% | +2.5% | +18.6% | |
| Q3 2018 | -7.8% | -10.3% | -5.8% | |
| Q2 2018 | -3.8% | -4.3% | -10.9% | |
| Q1 2017 | +1.4% | +1.0% | +16.6% | |
| Q1 2018 | +0.6% | +0.9% | +4.9% | |
| Q4 2015 | +2.7% | +4.6% | +5.2% | |
| Q2 2017 | +2.7% | +4.6% | +5.2% | |
| Q4 2017 | +1.9% | +0.3% | -3.6% | |
| Q3 2016 | +3.5% | +2.8% | +12.9% | |
| Q3 2017 | +1.3% | +4.0% | +3.1% | |
| Q4 2016 | -3.6% | -2.5% | -0.3% | |
| Q2 2016 | -3.6% | -2.6% | -1.4% | |
| Q1 2016 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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